Tenet Healthcare (THC) Return on Sales [ROS] (2009 - 2026)
Tenet Healthcare's Return on Sales [ROS] was 31.08% in Q3 2026, up 14.27 percentage points from 16.81% a year earlier and up 4.41 percentage points from the prior quarter.
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Analysis
Tenet Healthcare (THC) Return on Sales [ROS] (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tenet Healthcare's Return on Sales [ROS] was 24.37% through Sep 30, 2026, up 7.71 percentage points year-over-year; for FY2025, it was 16.46%, down 12.35 percentage points from FY2024.
- Return on Sales [ROS] shows a five-year change of +5.19 percentage points (FY2020 to FY2025).
- In earlier years, Return on Sales [ROS] was 28.81% in FY2024 (+16.60 pp), 12.21% in FY2023 (+0.04 pp), 12.17% in FY2022 (-2.57 pp) and 14.73% in FY2021 (+3.46 pp).
- The Q3 2026 figure marks the highest quarterly Return on Sales [ROS] since Q1 2024.
- Compared with a year earlier, Return on Sales [ROS] has increased for three straight quarters, with an average year-over-year change of -1.70 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Sales [ROS] over five years was Q1 2024 (a gain of 49.19 percentage points); the worst was Q1 2025 (a drop of 43.14 percentage points).
- Per Business Quant data, THC's Return on Sales [ROS] in the three quarters before Q3 2026 was 26.67% (Q2 2026), 24.14% (Q1 2026) and 15.43% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 107.73 Bn | 103.83 Bn | - | 15.00% |
| 2 | Natera | 46.21 Bn | 41.84 Bn | 513.47 Mn | -8.60% |
| 3 | Labcorp Holdings | 29.89 Bn | 27.97 Bn | 1.11 Bn | 10.55% |
| 4 | Quest Diagnostics | 28.16 Bn | 25.92 Bn | 1.04 Bn | 15.47% |
| 5 | Tenet Healthcare | 23.21 Bn | 12.51 Bn | - | 31.08% |
| 6 | Guardant Health | 21.05 Bn | 16.66 Bn | 236.15 Mn | -36.78% |
| 7 | Tempus AI | 14.91 Bn | 12.06 Bn | 266.70 Mn | -13.82% |
| 8 | BrightSpring Health Services | 14.08 Bn | 11.84 Bn | 518.55 Mn | 3.81% |
| 9 | Encompass Health | 13.66 Bn | 13.29 Bn | - | 18.02% |
| 10 | Davita | 11.99 Bn | 9.36 Bn | 1.13 Bn | 13.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.08% |
| Jun 30, 2026 | 26.67% |
| Mar 31, 2026 | 24.14% |
| Dec 31, 2025 | 15.43% |
| Sep 30, 2025 | 16.81% |
| Jun 30, 2025 | 15.61% |
| Mar 31, 2025 | 18.05% |
| Dec 31, 2024 | 16.18% |
| Sep 30, 2024 | 21.24% |
| Jun 30, 2024 | 14.90% |
| Mar 31, 2024 | 61.20% |
| Dec 31, 2023 | 13.62% |
| Sep 30, 2023 | 11.21% |
| Jun 30, 2023 | 11.89% |
| Mar 31, 2023 | 12.01% |
| Dec 31, 2022 | 10.74% |
| Sep 30, 2022 | 12.41% |
| Jun 30, 2022 | 11.92% |
| Mar 31, 2022 | 13.66% |
| Dec 31, 2021 | 15.47% |
API Access
Tenet Healthcare Return on Sales [ROS] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-sales-%5Bros%5D&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "ticker": "THC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-sales-%5Bros%5D&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();